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Item 68 - Crossroads at Washington Affordable Housing Project at 1126, 1136, & 1146 East Washigton Ave.
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Item 68 - Crossroads at Washington Affordable Housing Project at 1126, 1136, & 1146 East Washigton Ave.
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8/15/2023 9:54:53 AM
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City Clerk
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Agenda Packet
Agency
Clerk of the Council
Item #
68
Date
6/21/2022
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<br />Page | 62 <br />4894-6811-3695v.2 0017787-000542 <br />4894-6811-3695v.2 0017787-000542 <br />Exhibit C: Best Management Practices Fact Sheets <br />Exhibit D: Form of Memorandum of Lease <br />19.28 Consent/Duty to Act Reasonably. Except as otherwise expressly provided herein, <br />whenever this Lease grants County, Agency and/or Tenant the right to take any action, grant any <br />approval or consent, or exercise any discretion, County, Agency and/or Tenant shall act reasonably <br />and in good faith and take no action which might result in the frustration of the other Party’s <br />reasonable expectations concerning the benefits to be enjoyed under this Lease. <br />19.29 Counterparts. For the convenience of the Parties to this Lease, this Lease may be <br />executed in several original counterparts, each of which shall together constitute but one an d the <br />same agreement. Original executed pages may be assembled together into one fully executed <br />document. <br /> <br />19.30. No Merger. The interests created by this Lease shall not be extinguished by <br />merger of any or all of the ownership interests the Premises or the Improvements in one person or <br />entity. <br /> <br />19.31 Cooperation of County and Agency. County and Agency hereby agree that (a) <br />Agency staff shall be responsible for administering the operation of the Project to insure it is being <br />used in conformance with this Lease, and (b) Agency staff shall serve as administrator of the Lease <br />with the Tenant and coordinate with the County as necessary. County and Agency hereby agree to <br />work cooperatively and expeditiously to provide written consent (or written refusal to provide <br />consent) to Tenant, the Leasehold Mortgagees and Limited Partner hereunder. <br /> <br />[Signatures On Following Pages] <br /> <br /> <br /> <br />EXHIBIT 11
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